EXCO Resources – August M.O.R. Reports $32.7 million in Total Revenues, Operating Income of $9.3 million and Reorganization Expenses of $8.4 million

September 20, 2018 – EXCO Resources filed with the U.S. Bankruptcy Court a monthly operating report for August 2018 [Docket No. 1075]. For the month, the Debtors reported net income of $2.1 million and operating income of $9.3 million on $32.7 million in total revenues, the latter comprised principally of (i) $9.1 million in oil revenues and (ii) $22.0 million in natural gas revenues. Operating expenses were $23.4 million and other expense were $11.4 million, the latter comprised principally of (i) $3.0 million in interest expense and (ii) $8.4 million in reorganization-related professional fees. Total cash and cash equivalents at the beginning and end of the month was $38.7 million and $48.8 million, respectively, with net cash flow of $10.1 million and cash disbursements of $39.1 million on $56.5 million in cash receipts.

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